Life Insurance

Life insurance isn’t for you — it’s for those you leave behind.

If helping loved ones maintain a standard of living and avoid financial hardships after your passing is a priority for you, life insurance products can help. A general rule is that you may want to seek coverage between five and seven times your gross annual income. As far as the various types of policies go, they can generally be placed into one of two categories: term and permanent.

Term insurance generally provides coverage for a specified period of time and pays out a specified amount of coverage to your beneficiaries only if you die within that time period. A permanent insurance policy, on the other hand, will stay permanently in effect for the rest of your life, as long as premiums continue to be paid.


Guarantees are backed by the financial strength and claims-paying ability of the issuing company and may be subject to restrictions, limitations or early withdrawal fees, which vary by the issuer. They do not refer, in any way, to securities or investment advisory products. You should consider the charges, risks, expenses, and investment objectives carefully before entering a contract. A prospectus containing this and other information about the insurance company can be obtained from your financial professional. Read it carefully before you send money. Insurance product guarantees are not offered by GFPC.

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